Lawyer Finances-Principles and Practices for Personal and Professional Financial Success

Lawyer Finances-Principles and Practices for Personal and Professional Financial Success

Author: Nelson P. Miller

Publisher: Vandeplas Pub.

Published: 2014-07

Total Pages: 290

ISBN-13: 9781600422232

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Too few lawyers know the financial principles and practices that make for personal and professional success. Lawyers are very good at many things necessary for law practice. They know the law and have the skills and identity to put the law to good use for their clients. They sometimes overlook, though, that their personal and professional finances can determine how long and effectively they are able to serve those clients. Finances can determine the success and failure of lawyers and their firms. Personal finances can make and break individual lawyers. When lawyers discern and follow sound financial principles and practices, they gain rewarding and sustaining peace of mind, purpose, stability, and security. Finances can also make and break firms. When the managing members of firms agree on and follow sound professional financial principles and practices, they lay and build a foundation for sustainable practice. This book introduces principles of personal and professional finance for lawyers. For lawyers personally, the subjects include financial statements and budgeting, risk management and insurance planning, and investment and retirement planning. For law firm financial management, the subjects include legal and capital structures, annual financial plans, balance sheets, working capital, operating statements, ratio analyses, and financial targets. Lawyers and law students who read this book should find encouraging confirmation of core commitments that they and others whom they trust have made and followed around finances. The principles and practices this book promotes are not a get-rich-quick scheme. They instead help lawyers prepare, plan, and practice wisely using modern methods made sound with the wisdom of the ages.


Book Synopsis Lawyer Finances-Principles and Practices for Personal and Professional Financial Success by : Nelson P. Miller

Download or read book Lawyer Finances-Principles and Practices for Personal and Professional Financial Success written by Nelson P. Miller and published by Vandeplas Pub.. This book was released on 2014-07 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Too few lawyers know the financial principles and practices that make for personal and professional success. Lawyers are very good at many things necessary for law practice. They know the law and have the skills and identity to put the law to good use for their clients. They sometimes overlook, though, that their personal and professional finances can determine how long and effectively they are able to serve those clients. Finances can determine the success and failure of lawyers and their firms. Personal finances can make and break individual lawyers. When lawyers discern and follow sound financial principles and practices, they gain rewarding and sustaining peace of mind, purpose, stability, and security. Finances can also make and break firms. When the managing members of firms agree on and follow sound professional financial principles and practices, they lay and build a foundation for sustainable practice. This book introduces principles of personal and professional finance for lawyers. For lawyers personally, the subjects include financial statements and budgeting, risk management and insurance planning, and investment and retirement planning. For law firm financial management, the subjects include legal and capital structures, annual financial plans, balance sheets, working capital, operating statements, ratio analyses, and financial targets. Lawyers and law students who read this book should find encouraging confirmation of core commitments that they and others whom they trust have made and followed around finances. The principles and practices this book promotes are not a get-rich-quick scheme. They instead help lawyers prepare, plan, and practice wisely using modern methods made sound with the wisdom of the ages.

Model Rules of Professional Conduct

Model Rules of Professional Conduct

Author: American Bar Association. House of Delegates

Publisher: American Bar Association

Published: 2007

Total Pages: 216

ISBN-13: 9781590318737

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The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.


Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates

Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

Money Management for Lawyers and Clients

Money Management for Lawyers and Clients

Author: Robert W. Hamilton

Publisher: Aspen Publishers

Published: 1993

Total Pages: 612

ISBN-13:

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Give your students the essential background all attorneys need for handling financial affairs-whether their own or their clients'. MONEY MANAGEMENT FOR LAWYERS AND CLIENTS: ESSENTIAL CONCEPTS AND APPLICATIONS by business authority Robert Hamilton clearly and realistically explains the fundamentals of financial transactions and provides an excellent orientation for law students with limited experience in personal finance. Practical and concise, this inexpensive paperback focuses on basic principles and financial transactions that average individuals commonly face: purchasing residential real estate, automobiles, and life insurance evaluating employer-provided retirement plans handling and investing funds establishing systematic savings plans for person living on fixed incomes planning for retirement borrowing funds at the most favorable rate solutions for those in debt due to misuse of credit strategies For The employee who is unexpectedly laid off or fired Assign or recommend this handy resource For The following courses-real estate transactions or finance, consumer law, and insurance law. it will help your students with their coursework now and serve them throughout their careers.


Book Synopsis Money Management for Lawyers and Clients by : Robert W. Hamilton

Download or read book Money Management for Lawyers and Clients written by Robert W. Hamilton and published by Aspen Publishers. This book was released on 1993 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Give your students the essential background all attorneys need for handling financial affairs-whether their own or their clients'. MONEY MANAGEMENT FOR LAWYERS AND CLIENTS: ESSENTIAL CONCEPTS AND APPLICATIONS by business authority Robert Hamilton clearly and realistically explains the fundamentals of financial transactions and provides an excellent orientation for law students with limited experience in personal finance. Practical and concise, this inexpensive paperback focuses on basic principles and financial transactions that average individuals commonly face: purchasing residential real estate, automobiles, and life insurance evaluating employer-provided retirement plans handling and investing funds establishing systematic savings plans for person living on fixed incomes planning for retirement borrowing funds at the most favorable rate solutions for those in debt due to misuse of credit strategies For The employee who is unexpectedly laid off or fired Assign or recommend this handy resource For The following courses-real estate transactions or finance, consumer law, and insurance law. it will help your students with their coursework now and serve them throughout their careers.

Lawyers, Money, and Success

Lawyers, Money, and Success

Author: Macklin Fleming

Publisher: Bloomsbury Publishing USA

Published: 1997-11-13

Total Pages: 168

ISBN-13: 0313035318

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Retired Justice Macklin Fleming argues that in its quest for money, the legal profession has lost sight of its true tasks and responsibilities, with the result that the profession is rife with client dissatisfaction, public distrust, and individual lawyer discontent. Money is now the measure of success, he says, and honesty has been diluted, while fiduciary responsibility has eroded. Fleming elaborates his case with unusual rigor. In the quest for the brass ring of financial success, corner-cutting, absence of candor, and distortions of fact have become increasingly tolerated, to the extent that clients, the public, and lawyers themselves no longer have a sense of trust and confidence in the legal profession. Obviously, changes are needed, and unless they come from within the firms themselves, lawyers can be sure that they will come from individuals, agencies, and organizations outside these firms. Attorneys in all kinds of practices, their clients in all sectors of the economy, and academics concerned with the practice of law in all its dimensions will find Fleming's book informative, challenging, and certainly provocative reading. Fleming starts by examining what he sees as a paradox: a large increase in lawyers' fees despite a fourfold increase in lawyer numbers and a threefold increase in their proportion of the general population. What happened to the law of supply and demand? he asks. After tracing the history of the large corporate law firm and its dominance within the profession, he shows how cost-effectiveness within large firms has declined while at the same time what he calls the magic of the emperor's new clothes has suspended the law of supply and demand. He discusses excessive legal fees, their resistance to client and court controls, and relates his discussion to the present pervasive distrust of lawyers among the public. Fleming outlines the four existing challenges to business-as-usual by lawyers and law firms, and then ventures his own analysis of the needed future changes in law firms. These include professional law firm management under a less archaic structure, effective integrity and quality controls, cost-controlled delivery of legal services, and increased job satisfaction for its working lawyers.


Book Synopsis Lawyers, Money, and Success by : Macklin Fleming

Download or read book Lawyers, Money, and Success written by Macklin Fleming and published by Bloomsbury Publishing USA. This book was released on 1997-11-13 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Retired Justice Macklin Fleming argues that in its quest for money, the legal profession has lost sight of its true tasks and responsibilities, with the result that the profession is rife with client dissatisfaction, public distrust, and individual lawyer discontent. Money is now the measure of success, he says, and honesty has been diluted, while fiduciary responsibility has eroded. Fleming elaborates his case with unusual rigor. In the quest for the brass ring of financial success, corner-cutting, absence of candor, and distortions of fact have become increasingly tolerated, to the extent that clients, the public, and lawyers themselves no longer have a sense of trust and confidence in the legal profession. Obviously, changes are needed, and unless they come from within the firms themselves, lawyers can be sure that they will come from individuals, agencies, and organizations outside these firms. Attorneys in all kinds of practices, their clients in all sectors of the economy, and academics concerned with the practice of law in all its dimensions will find Fleming's book informative, challenging, and certainly provocative reading. Fleming starts by examining what he sees as a paradox: a large increase in lawyers' fees despite a fourfold increase in lawyer numbers and a threefold increase in their proportion of the general population. What happened to the law of supply and demand? he asks. After tracing the history of the large corporate law firm and its dominance within the profession, he shows how cost-effectiveness within large firms has declined while at the same time what he calls the magic of the emperor's new clothes has suspended the law of supply and demand. He discusses excessive legal fees, their resistance to client and court controls, and relates his discussion to the present pervasive distrust of lawyers among the public. Fleming outlines the four existing challenges to business-as-usual by lawyers and law firms, and then ventures his own analysis of the needed future changes in law firms. These include professional law firm management under a less archaic structure, effective integrity and quality controls, cost-controlled delivery of legal services, and increased job satisfaction for its working lawyers.

Accounting and Corporate Finance For Lawyers

Accounting and Corporate Finance For Lawyers

Author: Stacey L. Bowers

Publisher: Aspen Publishing

Published: 2023-09-14

Total Pages: 473

ISBN-13:

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Accounting and Corporate Finance for Lawyers introduces soon-to-be lawyers to fundamental accounting, financial statement, financial analysis, and corporate finance concepts to utilize in practice. Accounting and Corporate Finance for Lawyers is designed to teach law students how to read and understand financial statements and footnotes, assess a company’s financial position, determine whether a company can issue a dividend, assess whether a contingency has to be disclosed, apply time value of money concepts, and evaluate financial provisions and covenants in contracts. The goal of this book is to prepare law students to be successful in the practice of law by providing the critical foundation of understanding accounting and corporate finance concepts and principles, or the language of business people. New to the Second Edition: Updates of information, statistics, concepts, and examples to bring current New section discussing interactions between accountants and attorneys Addition of a Present Value of an Annuity Due table Clarifications and minor corrections throughout Professors and students will benefit from: A reader-friendly organization and style Detailed explanations of concepts and principles through examples Discussion of how various principles are applied in practice Real-world illustrations Examples and exhibits that supplement the substance Exercises and problems designed to build a student’s knowledge base


Book Synopsis Accounting and Corporate Finance For Lawyers by : Stacey L. Bowers

Download or read book Accounting and Corporate Finance For Lawyers written by Stacey L. Bowers and published by Aspen Publishing. This book was released on 2023-09-14 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting and Corporate Finance for Lawyers introduces soon-to-be lawyers to fundamental accounting, financial statement, financial analysis, and corporate finance concepts to utilize in practice. Accounting and Corporate Finance for Lawyers is designed to teach law students how to read and understand financial statements and footnotes, assess a company’s financial position, determine whether a company can issue a dividend, assess whether a contingency has to be disclosed, apply time value of money concepts, and evaluate financial provisions and covenants in contracts. The goal of this book is to prepare law students to be successful in the practice of law by providing the critical foundation of understanding accounting and corporate finance concepts and principles, or the language of business people. New to the Second Edition: Updates of information, statistics, concepts, and examples to bring current New section discussing interactions between accountants and attorneys Addition of a Present Value of an Annuity Due table Clarifications and minor corrections throughout Professors and students will benefit from: A reader-friendly organization and style Detailed explanations of concepts and principles through examples Discussion of how various principles are applied in practice Real-world illustrations Examples and exhibits that supplement the substance Exercises and problems designed to build a student’s knowledge base

The E-Myth Attorney

The E-Myth Attorney

Author: Michael E. Gerber

Publisher: John Wiley & Sons

Published: 2010-06-01

Total Pages: 215

ISBN-13: 0470503653

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The complete guide to the business of running a successful legal practice Many attorneys in small and mid-size practices are experts on the law, but may not have considered their practice as much from a business perspective. Michael Gerber’s The E-Myth Attorney fills this void, giving you powerful advice on everything you need to run your practice as a successful business, allowing you to achieve your goals and grow your practice. Featuring Gerber's signature easy-to-understand, easy-to-implement style, The E-Myth Attorney features: A complete start-up guide you can use to get your practice off the ground quickly, as well as comprehensive action steps for maximizing the performance of an existing practice Industry specific advice from two recognized legal experts that have developed a highly successful legal practice using Gerber’s principles Gerber’s universal appeal as a recognized expert on small businesses who has coached, taught, and trained over 60,000 small businesses The E-Myth Attorney is the last guide you'll ever need to make the difference in building or developing your successful legal practice.


Book Synopsis The E-Myth Attorney by : Michael E. Gerber

Download or read book The E-Myth Attorney written by Michael E. Gerber and published by John Wiley & Sons. This book was released on 2010-06-01 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complete guide to the business of running a successful legal practice Many attorneys in small and mid-size practices are experts on the law, but may not have considered their practice as much from a business perspective. Michael Gerber’s The E-Myth Attorney fills this void, giving you powerful advice on everything you need to run your practice as a successful business, allowing you to achieve your goals and grow your practice. Featuring Gerber's signature easy-to-understand, easy-to-implement style, The E-Myth Attorney features: A complete start-up guide you can use to get your practice off the ground quickly, as well as comprehensive action steps for maximizing the performance of an existing practice Industry specific advice from two recognized legal experts that have developed a highly successful legal practice using Gerber’s principles Gerber’s universal appeal as a recognized expert on small businesses who has coached, taught, and trained over 60,000 small businesses The E-Myth Attorney is the last guide you'll ever need to make the difference in building or developing your successful legal practice.

Financial Statement Analysis and Business Valuation for the Practical Lawyer

Financial Statement Analysis and Business Valuation for the Practical Lawyer

Author: Robert B. Dickie

Publisher: American Bar Association

Published: 2006

Total Pages: 442

ISBN-13: 9781590314746

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Written expressly for business lawyers, this best-selling guide takes you step-by-step through the key principles of corporate finance and accounting. This Second Edition will update the title's content and provide additions to reflect post-Enron SEC and FASB rules and new rules regarding merger and acquisition accounting.


Book Synopsis Financial Statement Analysis and Business Valuation for the Practical Lawyer by : Robert B. Dickie

Download or read book Financial Statement Analysis and Business Valuation for the Practical Lawyer written by Robert B. Dickie and published by American Bar Association. This book was released on 2006 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written expressly for business lawyers, this best-selling guide takes you step-by-step through the key principles of corporate finance and accounting. This Second Edition will update the title's content and provide additions to reflect post-Enron SEC and FASB rules and new rules regarding merger and acquisition accounting.

The Million-dollar Financial Advisor

The Million-dollar Financial Advisor

Author: David J. Mullen (Jr.)

Publisher: AMACOM Div American Mgmt Assn

Published: 2010

Total Pages: 290

ISBN-13: 0814414729

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The best financial advisors are well equipped to succeed regardless of market conditions. Based on interviews with fifteen top advisors, each doing several million dollars worth of business every year, The Million-Dollar Financial Advisor distills their universal success principles into thirteen distinct lessons. Each is explained step-by step for immediate application by veteran and new financial professionals alike. The lessons cover: * Building and focusing on client relationships * Having a top advisor mindset * Developing a long-term approach * Specialization * Marketing * And much more The book also features two complete case studies. First there is the "best of the best" advisor whose incredible success showcases the power of all the book's principles working together in concert. The second is an account of a remarkable and inspiring career turn around and demonstrates that it's never too late to reinvent oneself. Brimming with practical advice from the author and expert insights from his interview subjects, The Million-Dollar Financial Advisor is a priceless success tool for any and all financial advisors.


Book Synopsis The Million-dollar Financial Advisor by : David J. Mullen (Jr.)

Download or read book The Million-dollar Financial Advisor written by David J. Mullen (Jr.) and published by AMACOM Div American Mgmt Assn. This book was released on 2010 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best financial advisors are well equipped to succeed regardless of market conditions. Based on interviews with fifteen top advisors, each doing several million dollars worth of business every year, The Million-Dollar Financial Advisor distills their universal success principles into thirteen distinct lessons. Each is explained step-by step for immediate application by veteran and new financial professionals alike. The lessons cover: * Building and focusing on client relationships * Having a top advisor mindset * Developing a long-term approach * Specialization * Marketing * And much more The book also features two complete case studies. First there is the "best of the best" advisor whose incredible success showcases the power of all the book's principles working together in concert. The second is an account of a remarkable and inspiring career turn around and demonstrates that it's never too late to reinvent oneself. Brimming with practical advice from the author and expert insights from his interview subjects, The Million-Dollar Financial Advisor is a priceless success tool for any and all financial advisors.

Building a Million Dollar Book of Business

Building a Million Dollar Book of Business

Author: Esq Daniel P. Lynch

Publisher:

Published: 2018-05-10

Total Pages: 154

ISBN-13: 9780997605686

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If you want to build an above-average book of business, this book is a must! Through a disciplined commitment to foundational principles and growth-oriented behaviors, Dan Lynch built a 10-lawyer Firm and a $1 million ++ annual book of business, surpassing the average lawyer by a wide margin. While practicing law and generating business, Dan regularly mentored his associates and articulated these principles and behaviors. He teaches these principles to his four children as well. Then one Monday morning, Dan was blind-sided when five partner-level lawyers of the Firm came into his office and announced, without notice, "We're leaving." This group proceeded to recruit support staff and some of Dan's own clients away from him. The betrayal caused Dan to question the things about life and business that he had believed in and so often articulated. As he debated the answers to these questions and tried to learn from this situation, Dan recruited and hired. He did what he had always done to build a team and build a business. Two years later, The Lynch Law Group had more lawyers, more staff, and more revenue than it did at the time of the betrayal. The Firm was also voted one of the top 100 Best Places to Work by the Pittsburgh Business Times in each of the years following the betrayal. In this book, Dan shares the principles and behaviors he used to build a successful firm, not once, but twice. If you've been looking for a proven guide to build an above-average book of business, you've found it!


Book Synopsis Building a Million Dollar Book of Business by : Esq Daniel P. Lynch

Download or read book Building a Million Dollar Book of Business written by Esq Daniel P. Lynch and published by . This book was released on 2018-05-10 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want to build an above-average book of business, this book is a must! Through a disciplined commitment to foundational principles and growth-oriented behaviors, Dan Lynch built a 10-lawyer Firm and a $1 million ++ annual book of business, surpassing the average lawyer by a wide margin. While practicing law and generating business, Dan regularly mentored his associates and articulated these principles and behaviors. He teaches these principles to his four children as well. Then one Monday morning, Dan was blind-sided when five partner-level lawyers of the Firm came into his office and announced, without notice, "We're leaving." This group proceeded to recruit support staff and some of Dan's own clients away from him. The betrayal caused Dan to question the things about life and business that he had believed in and so often articulated. As he debated the answers to these questions and tried to learn from this situation, Dan recruited and hired. He did what he had always done to build a team and build a business. Two years later, The Lynch Law Group had more lawyers, more staff, and more revenue than it did at the time of the betrayal. The Firm was also voted one of the top 100 Best Places to Work by the Pittsburgh Business Times in each of the years following the betrayal. In this book, Dan shares the principles and behaviors he used to build a successful firm, not once, but twice. If you've been looking for a proven guide to build an above-average book of business, you've found it!

Results-oriented Financial Management

Results-oriented Financial Management

Author: John G. Iezzi

Publisher: American Bar Association

Published: 2003

Total Pages: 276

ISBN-13:

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This hands-on, how-to book will provide law firms with budget and financial knowledge they need to make critical financial decisions.


Book Synopsis Results-oriented Financial Management by : John G. Iezzi

Download or read book Results-oriented Financial Management written by John G. Iezzi and published by American Bar Association. This book was released on 2003 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This hands-on, how-to book will provide law firms with budget and financial knowledge they need to make critical financial decisions.